Belize is located in Central America between the state of Mexico and Guatemala. Its climate is pleasant and welcoming for tourists. Belize is a famous place for yachting, water sports, and scuba diving. As a businessman, if you have ever visited Belize you might have observed that it is the home to the private industries.
Quick and digital telecommunication services include international cellular roaming services, local cellular services, high-speed DSL, and advanced access to the internet. The sharp and excellent telecommunication services of Belize have connected the country with the modern world. You can judge the country as one of the best jurisdictions in the world for overseas businesses through its powerful economy.
The world’s most advanced financial and banking services are available in Belize. The state has an independent and open economy system. All major commercial banks in Belize give full access to the local and overseas businessmen to the modern banking system. The Belize dollar is tied to the USD on the ratio of 2 to 1. It means that one US dollar is equivalent to the 2 Belizean dollars.
Overseas businessmen can exchange the money all over the country and out of the country freely as no exchange control are found in the state.
Offshore companies and individual businessmen are free of paying any kind of taxes. Any enterprise that earns $ 75000 annually, have to pay business tax. But this limit is applied over the local businesses. Offshore companies are free of these kinds of taxes. Belize authorities demand a clearance certificate from the income tax department but if you are working on the premises as an offshore business, you need not any certification.
Easy set up for overseas business
Belize facilitates its offshore clients in all manners and offers greater privileges. Some of the appealing benefits of setting up the company are as under:
- Offshore companies in Belize are based on the International business company (IBC). IBC are corporations that work under the act of IBC.
- Overseas businessmen can set up an offshore company quickly by following simple procedures. It does not require a list of directors or management hierarchy rather you can register your enterprise with one director or corporate only.
- Only one shareholder is enough to set up Offshore Company. The meeting of shareholders, directors, or company formation agents can be held in any country.
- Belize authorities do not demand any financial records. The public record is restricted to the articles of association and memorandum. The offices can be registered on the name and address of the registered agent of the company. Overseas businesses are free of public access.
- Capital of the business can be shown in any currency and no minimum capital limit is put over the overseas business.
- Offshore owners are free to transfer their business to or from Belize at any time.
- Belize offers the companies to open and maintain their bank accounts in any other offshore country as well.
Real estate is very affordable and available at cheaper prices as compared to other tax haven countries. Foreigners can easily buy any property there. A home with all luxuries can be settled easily in the country within a lower price range. It is the reason that owners of the offshore companies have purchased their apartments and bungalows with great luxuries.
For starting a business in any part of the world, the economy of that country matters. Favorable social and economic conditions for businesses attract people from all over the world. The long term business investments with an independent economy ensure the stability of financial matters and enterprises. Belize is among free and open economies that welcome the overseas business personalities and corporations to work freely. You will find this place ideal for your next offshore business set up. The legal system supports the overseas enterprises and individuals in all cases.